Monster Veterans Talent Index Reveals Majority of Veterans Do Not Feel
Prepared to Transition to Civilian Workforce
Communication gap continues to frustrate veterans and employers, impacting job
search and hiring confidence
Business Wire
MCLEAN, Va. & MAYNARD, Mass. -- November 15, 2012
Monster.com ®, the worldwide leader in successfully connecting people to job
opportunities and the flagship brand of Monster Worldwide, Inc.(NYSE: MWW),
today released its biannual Veterans Talent Index , a snapshot of the current
veteran hiring landscape. First introduced in November 2011, the Veterans
Talent Index serves as a comprehensive analysis of transitioning military
service members, veterans and their employers. This third in an on-going
series of reports is meant to facilitate the employment of our nation’s
veterans. The November 2012 report is generated from employer and veteran
feedback, leveraging the resources of the Military.com Career and Transition
Center, including data on veteran skills, training and experience gathered
from more than two million veteran resumes.
Veterans represent an elite and diverse talent pool offering a unique set of
skills, experiences and leadership abilities. Most possess transferrable
skills, professional discipline and positive attributes identifiable in
today’s evolving workforce. Yet veterans continue to express a deepening lack
of confidence in finding an appropriate job. The November 2012 Veterans Talent
Index report reveals that while two-thirds of veterans believe the skills they
acquired in the military are relevant for business use, more than
three-quarters (78%) are not confident about finding a job that meets their
abilities.
“In the most recent survey, nearly all the employers we spoke with would
recommend hiring veterans, and 99 percent say veterans perform their job
functions the same or better than non-veteran workers,” said Steve Cooker,
executive vice president, Global Government Solutions for Monster Worldwide.
“However, the fact that just 50 percent of employers surveyed agree that
veterans are prepared for a successful transition, shows there is still a lot
of work to be done.”
The November 2012 Veterans Talent Index is a comprehensive analysis of
transitioning military service members, veterans and their employers. The
three indices of the report include: 1) Veterans Career Confidence Index; 2)
Veterans Job Search Activity Index; and 3) Employer Veterans Hiring Index. The
November 2012 Veterans Talent Index report shows the confidence level for
veterans has dropped 7 percent over the past six months.
The Veterans Career Confidence Index is a monitor of veterans’ confidence in
finding a job combined with the level of skills they acquired during and after
their military service. The November 2012 report revealed that while they
believe their military skills are valuable, veterans continue to show a lack
of confidence in their ability to find a job and still face challenges in
translating their military skills to civilian jobs.
The November 2012 Index dipped to 50, compared to 56 in November 2011, on a
scale of 0-100. November 2012 details:
*Less than half of respondents (43%) feel they are prepared for their
career transition out of the military, down from 53% in November 2011
*Only 22 percent of respondents are confident about finding work that suits
them, down from 34 percent in November 2011
The Veterans Job Search Activity Index is a monitor of transitioning veterans’
job search activity and the resources they use. The November 2012 Index rose
to 80 on a scale of 0-100 compared to 74 in November 2011, reflecting the
increased base of veterans as well as their increased job search activity.
November 2012 details:
*Four out of five veterans will be searching for a job in the next twelve
months, up from 69% a year ago, with nearly 82 % of respondents very or
extremely likely to be looking for work within the year
*One in two veterans (57%) are concerned with employers understanding their
skills and experience to land a job
The Employer Veterans Hiring Index is a monitor of how employers who have
hired multiple veterans in the past year compare work performance to
non-veteran employees. The November 2012 survey of over 750 employers revealed
continued positive indications towards veterans. It also revealed a widening
gap between veterans’ and employers’ views, and a sense that veterans can do
better when explaining their skills in order to more successfully compete with
non-veterans in the job market.
The November 2012 Index dipped slightly to a 72 on a scale of 0-100, compared
to a 74 in November 2011. November 2012 Details:
*69% of surveyed employers reported they had hired more than one veteran
within the past year
*Nearly all surveyed (98%) who had hired a veteran felt their work
experience was about the same or much better than non-veteran workers; 99%
would recommend hiring a veteran
“Veterans continue to bring a wide range of skills and expertise into the mix
of professionals seeking employment, but it’s challenging for veterans to
communicate their skills into civilian culture when talking to a hiring
manager,” said T McCreary, president of Military.com and vice president for
Monster Worldwide. “This Veterans Talent Index provides actionable
intelligence to assist employers in filling their talent needs. Veterans and
employers can also use tools like the Military Skills Translator to help
bridge that communication gap and assist in connecting our talented veteran
workforce with civilian jobs.”
Monster and Military.com are committed to helping employers hire these
dedicated men and women who served our country and to helping our nation’s
veterans find civilian positions that utilize their experiences and skills. To
access Monster’s comprehensive Nov. 2012 Veterans Talent Index report, and to
learn more about hiring veterans and advice on how to bridge the communication
gap, visit the Veterans Employment Center.
About Monster Worldwide
Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster®, is the
worldwide leader in successfully connecting people to job opportunities. From
the web, to mobile, to BeKnown™ on Facebook, Monster helps companies find
people with customized solutions using the world's most advanced technology to
match the right person to the right job. With a local presence in 55
countries, Monster connects employers with quality job seekers at all levels,
provides personalized career advice to consumers globally and delivers vast,
highly targeted audiences to advertisers. To learn more about Monster's
industry-leading products and services, visithttp://www.monster.com. More
company information is available athttp://about-monster.com.
About Military.com
Military.com is the nation’s largest military and veteran online news and
membership organization serving active duty personnel, reservists, guard
members, retirees, veterans, family members, defense workers and those
considering military careers. Military.com enables Americans with military
affinity to access their benefits, advance their careers, enjoy military
discounts, and stay connected for life. Military.com is a business unit of
Monster Worldwide Inc. More information is available at www.military.com.
Contact:
Monster Worldwide
Kristen Gugliotta, 978-461-8089
Kristen.gugliotta@monster.com
or
Kathy O’Reilly, 978-823-2002
Kathy.oreilly@monster.com